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51.	What Is Sepa?
Answer» The Single Euro Payments Area, or SEPA, is an area in which consumers, companies and all other users of payment services can MAKE and receive payments in euro under the same conditions and with the same rights and obligations, regardless of their LOCATION within Europe. SEPA COVERS 34 European countries: the 28 Member States of the European Union, as well as Iceland, Norway, Liechtenstein, Switzerland, Monaco and San Marino. SEPA is also defined as an industry project and a political process, which both aim to remove the legal, commercial and technical barriers that currently STILL separate national payments markets. The Single Euro Payments Area, or SEPA, is an area in which consumers, companies and all other users of payment services can make and receive payments in euro under the same conditions and with the same rights and obligations, regardless of their location within Europe. SEPA covers 34 European countries: the 28 Member States of the European Union, as well as Iceland, Norway, Liechtenstein, Switzerland, Monaco and San Marino. SEPA is also defined as an industry project and a political process, which both aim to remove the legal, commercial and technical barriers that currently still separate national payments markets.

51.

What Is Sepa?

Answer»

The Single Euro Payments Area, or SEPA, is an area in which consumers, companies and all other users of payment services can MAKE and receive payments in euro under the same conditions and with the same rights and obligations, regardless of their LOCATION within Europe. SEPA COVERS 34 European countries: the 28 Member States of the European Union, as well as Iceland, Norway, Liechtenstein, Switzerland, Monaco and San Marino.

SEPA is also defined as an industry project and a political process, which both aim to remove the legal, commercial and technical barriers that currently STILL separate national payments markets.

The Single Euro Payments Area, or SEPA, is an area in which consumers, companies and all other users of payment services can make and receive payments in euro under the same conditions and with the same rights and obligations, regardless of their location within Europe. SEPA covers 34 European countries: the 28 Member States of the European Union, as well as Iceland, Norway, Liechtenstein, Switzerland, Monaco and San Marino.

SEPA is also defined as an industry project and a political process, which both aim to remove the legal, commercial and technical barriers that currently still separate national payments markets.

Discussion

52.	What Are Payment Instruments?
Answer» Any personalised device(s) and/or set of procedures agreed between the PAYMENT SERVICE user and the payment service provider and USED by the payment service user in ORDER to INITIATE a payment order. Any personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used by the payment service user in order to initiate a payment order.

52.

What Are Payment Instruments?

Answer»

Any personalised device(s) and/or set of procedures agreed between the PAYMENT SERVICE user and the payment service provider and USED by the payment service user in ORDER to INITIATE a payment order.

Any personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used by the payment service user in order to initiate a payment order.

Discussion